In his review of 30 years of research in Prospect Theory, Barberis (2013) notes that support for Prospect Theory had come mainly from the laboratory. In this paper, I write about a recurring phenomenon in real life that is consistent with Prospect Theory predictions in decision-making loss...

The objective of this note is to caution against expecting golden eggs from a normal goose. It ts probably easier for those who have not actually conducted behavioral research to build high expectations for its policy use and implications simply because it appears the obvious way to do ex ante...

This study uses the Entropy index of information developed by Claude Shannon and elaborated by Lev and others to measure the aggregation of accounting information. The question of interest is whether Entropy is a measure of communication to assess transmission channel in communication or the...